Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,791 $ 4,039 [1]
Accounts receivable 250 250 [1]
Prepaid expenses and other current assets 110 102 [1]
Other assets of discontinued operations 365 11 [1]
Total current assets 3,516 4,402 [1]
Property and equipment, net 138 142 [1]
Intangible assets, net 1,385 1,490 [1]
Goodwill 603 603 [1]
Investment in convertible promissory note 362 345 [1]
Total assets 6,004 6,982 [1]
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 195 167 [1]
Common stock warrant liability 0 10 [1]
Liabilities of discontinued operations 89 16 [1]
Total current liabilities 284 193 [1]
Deferred tax liability 540 581 [1]
Promissory note 507 504 [1]
Other long term liabilities 12 0 [1]
Total liabilities 1,343 1,278 [1]
Stockholders' equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; none issued and outstanding 0 0 [1]
Common stock, $0.01 par value; 50,000,000 shares authorized; 1,952,960 shares issued and outstanding at September 30, 2013 and March 31, 2013, respectively 19 19 [1]
Additional paid-in capital 130,777 130,602 [1]
Accumulated other comprehensive loss 0 (142) [1]
Accumulated deficit (126,135) (124,775) [1]
Total stockholders' equity 4,661 5,704 [1]
Total liabilities and stockholders' equity $ 6,004 $ 6,982 [1]
[1] Derived from the Company's audited consolidated financial statements.